Ms He Ting Ru asked the Minister for Trade and Industry in each of the next eight quarters (a) how many new gazetted hotels are projected to commence operations; (b) how many new hotel rooms are expected to come onstream; and (c) what is the expected impact on tourism receipts. Mr Gan Kim Yong: Seven new hotelsContinue reading “OUTLOOK OF TOURISM INDUSTRY IN NEXT EIGHT QUARTERS”
Category Archives: Ministry of Trade and Industry
LINKAGE BETWEEN SINGAPOREAN BUSINESSES WITH ONGOING REMPANG ECO-CITY PROJECT
Ms He Ting Ru asked the Minister for Trade and Industry (a) whether the Ministry is aware of any investments, including contractual and supply chain links between Singaporean businesses or entities and the ongoing Rempang Eco-City project in Batam; and (b) if so, whether there are efforts to assess and reduce any negative effects on SingaporeContinue reading “LINKAGE BETWEEN SINGAPOREAN BUSINESSES WITH ONGOING REMPANG ECO-CITY PROJECT”
ENSURING GOVERNMENT’S SHARED RESPONSIBILITY FRAMEWORK FOR EQUITABLE SHARING OF LOSSES IN BANK SCAMS OFFERS ADEQUATE PROTECTION
Ms Sylvia Lim asked the Prime Minister regarding the Shared Responsibility Framework that was jointly proposed by MAS and IMDA on 25 October 2023, how does the “waterfall approach” on losses arising from phishing scams adequately safeguard consumers’ interests. Mr Alvin Tan: The SRF prescribes a set of anti-scam duties for financial institutions (FIs) and telecommunication companiesContinue reading “ENSURING GOVERNMENT’S SHARED RESPONSIBILITY FRAMEWORK FOR EQUITABLE SHARING OF LOSSES IN BANK SCAMS OFFERS ADEQUATE PROTECTION”
ENSURING DEEP SEA MINING ACTIVITIES COMPLY WITH MARINE BIOLOGICAL DIVERSITY OF AREAS BEYOND NATIONAL JURISDICTION TREATY
Mr Chua Kheng Wee Louis asked the Minister for Trade and Industry (a) whether the plans for Singapore’s participation in deep sea mining activities comply with the Marine Biological Diversity of Areas Beyond National Jurisdiction (BBNJ) Treaty which Singapore intends to ratify; and (b) if so, how. Mr Gan Kim Yong: Ocean Mineral Singapore Pte Ltd (OMS)Continue reading “ENSURING DEEP SEA MINING ACTIVITIES COMPLY WITH MARINE BIOLOGICAL DIVERSITY OF AREAS BEYOND NATIONAL JURISDICTION TREATY”
MEASURES TO PREVENT UNAUTHORISED ARMS SALES AND TRANSFERS FROM TAKING PLACE THROUGH SINGAPORE
Ms He Ting Ru asked the Minister for Trade and Industry (a) what are the current measures to prevent unauthorised arms sales and transfers from taking place through Singapore; and (b) what steps are being taken to review and improve such efforts. Mr Gan Kim Yong: Singapore adopts a comprehensive approach to prevent and deter unauthorised armsContinue reading “MEASURES TO PREVENT UNAUTHORISED ARMS SALES AND TRANSFERS FROM TAKING PLACE THROUGH SINGAPORE”
UPDATE ON REGIONAL POWER GRID TRIALS COMMENCED IN 2022
Mr Chua Kheng Wee Louis asked the Minister for Trade and Industry (a) whether the Government can provide updates on the regional power grid trials which commenced in 2022; (b) whether the Government intends to implement full-fledged plans following the trials; and (c) whether there are plans to draw more electricity from the Lao PDR-Thailand-Malaysia-Singapore powerContinue reading “UPDATE ON REGIONAL POWER GRID TRIALS COMMENCED IN 2022”
TIMELINE FOR DECIDING DEPLOYMENT OF USE OF SMALL MODULAR NUCLEAR REACTORS IN SINGAPORE’S ENERGY MIX
Mr Chua Kheng Wee Louis asked the Minister for Trade and Industry whether the Government has a timeline for deciding whether to deploy the use of small modular nuclear reactors in Singapore’s energy mix. Mr Gan Kim Yong: The Energy Market Authority (EMA) closely monitors developments on alternative sources of energy, including nuclear energy. EMA is awareContinue reading “TIMELINE FOR DECIDING DEPLOYMENT OF USE OF SMALL MODULAR NUCLEAR REACTORS IN SINGAPORE’S ENERGY MIX”
ENCOURAGING LOCALLY INCORPORATED TECH COMPANIES TO CHOOSE SINGAPORE EXCHANGE OVER FOREIGN STOCK MARKETS FOR IPOS
Ms He Ting Ru asked the Prime Minister what are the plans under consideration to (i) encourage locally incorporated tech companies to choose the Singapore Exchange (SGX) over foreign stock markets for their Initial Public Offerings (IPOs), especially if they have been backed by local agencies during the start-up phase and (ii) to attract more investors withContinue reading “ENCOURAGING LOCALLY INCORPORATED TECH COMPANIES TO CHOOSE SINGAPORE EXCHANGE OVER FOREIGN STOCK MARKETS FOR IPOS”
EFFECT OF INCREASES IN PUBLIC TRANSPORT FARES AND HIGHER COE PRICES ON INFLATION IN 2024
Mr Gerald Giam Yean Song asked the Minister for Trade and Industry what is the extent to which increases in public transport fares and higher COE prices are projected to affect inflation in 2024; and (b) what further measures is the Government taking to contain inflationary pressure caused by such cost increases to mitigate its impactContinue reading “EFFECT OF INCREASES IN PUBLIC TRANSPORT FARES AND HIGHER COE PRICES ON INFLATION IN 2024”
CASES REFERRED TO COMMITTEE AGAINST PROFITEERING PER QUARTER SINCE RECONVENING IN MARCH 2022
Assoc Prof Jamus Jerome Lim (Sengkang): I thank the Senior Minister of State for his answer. As he is well aware, these price increases occur in a general environment where both prices in general are rising because of inflation but also potentially because of GST. Is there a specific formula or a model that theContinue reading “CASES REFERRED TO COMMITTEE AGAINST PROFITEERING PER QUARTER SINCE RECONVENING IN MARCH 2022”
Office of the Leader of the Opposition 